QCI Asset Management Inc. NY lifted its position in Southwest Airlines Co (NYSE:LUV) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,817 shares of the airline’s stock after acquiring an additional 2,016 shares during the period. QCI Asset Management Inc. NY’s holdings in Southwest Airlines were worth $15,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. Boston Partners boosted its stake in shares of Southwest Airlines by 5.2% in the second quarter. Boston Partners now owns 8,927,411 shares of the airline’s stock worth $454,227,000 after acquiring an additional 443,918 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Southwest Airlines by 9.3% in the second quarter. Bank of Montreal Can now owns 5,832,599 shares of the airline’s stock worth $296,764,000 after acquiring an additional 494,484 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Southwest Airlines by 9.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,637,579 shares of the airline’s stock worth $185,076,000 after acquiring an additional 328,453 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Southwest Airlines by 33.9% in the second quarter. American Century Companies Inc. now owns 3,500,152 shares of the airline’s stock worth $178,088,000 after acquiring an additional 886,325 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Southwest Airlines by 12.2% in the second quarter. Wells Fargo & Company MN now owns 3,324,336 shares of the airline’s stock worth $169,142,000 after acquiring an additional 360,539 shares during the last quarter. 78.03% of the stock is currently owned by hedge funds and other institutional investors.
In other Southwest Airlines news, EVP Andrew M. Watterson sold 6,130 shares of Southwest Airlines stock in a transaction on Friday, August 17th. The stock was sold at an average price of $59.28, for a total value of $363,386.40. Following the sale, the executive vice president now owns 16,597 shares in the company, valued at $983,870.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by insiders.
Shares of Southwest Airlines stock opened at $52.49 on Friday. Southwest Airlines Co has a one year low of $47.10 and a one year high of $66.99. The company has a market cap of $29.73 billion, a P/E ratio of 13.70, a P/E/G ratio of 1.15 and a beta of 1.22. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.47.
Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, October 25th. The airline reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. Southwest Airlines had a return on equity of 22.27% and a net margin of 17.18%. The firm had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter last year, the business posted $0.88 earnings per share. On average, research analysts predict that Southwest Airlines Co will post 4.12 earnings per share for the current year.
LUV has been the topic of a number of research analyst reports. Barclays lowered their price target on Southwest Airlines from $74.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, July 16th. ValuEngine raised Southwest Airlines from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Cowen lifted their price target on Southwest Airlines from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, July 27th. Buckingham Research lifted their price objective on Southwest Airlines from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Finally, Stephens set a $69.00 price objective on Southwest Airlines and gave the stock a “buy” rating in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $66.78.
Southwest Airlines Company Profile
Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.
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